Indian tyre makers the big winners from rubber price slump

Newswire

By Rajendra Jadhav
MUMBAI, Nov 1 (Reuters) - India's tyre firms have stocked up
on rubber at low prices, locking in healthy margins that have
helped their share prices outperform those of international
competitors over the past month.
The two biggest gainers among the 59 tyre and rubber
companies in the Thomson Reuters Global Index over that period
were CEAT Ltd and JK Tyre and Industries Ltd
, which rose 51 percent and 39 percent respectively.
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